CVC partner and Cloetta director Peter Törnquist said, “Nordic Capital and CVC have now achieved their goals as owners.

“Leaf was merged with Cloetta following a period during which the company’s management structure was strengthened, a new factory was established in Slovakia and a wide range of new products was launched.

“After management’s successful integration of the businesses, which laid the foundation for profitable growth, it is now a natural time for Nordic Capital and CVC to step aside as owners.”